\Re-demp"tion\ (-sh?n), n. [F. r['e]demption, L.
redemptio. See {Redeem}, and cf. {Ransom}.]
The act of redeeming, or the state of being redeemed;
repurchase; ransom; release; rescue; deliverance; as, the
redemption of prisoners taken in war; the redemption of a
ship and cargo. Specifically:
(a) (Law) The liberation of an estate from a mortgage, or the
    taking back of property mortgaged, upon performance of
    the terms or conditions on which it was conveyed; also,
    the right of redeeming and re["e]ntering upon an estate
    mortgaged. See {Equity of redemption}, under {Equity}.
(b) (Com.) Performance of the obligation stated in a note,
    bill, bond, or other evidence of debt, by making payment
    to the holder.
(c) (Theol.) The procuring of God's favor by the sufferings
    and death of Christ; the ransom or deliverance of sinners
    from the bondage of sin and the penalties of God's
    violated law.

          In whom we have redemption through his blood.
                                               --Eph. i. 7.